Liberty Media is on the move again, this time entering into a definitive agreement with fourth-ranked MSO Charter Communications to acquire nearly 27 million Charter shares and approximately 1.1 million warrants for some $2.6 billion, translating into an approximate 27.3-percent beneficial ownership in Charter and a $95.50 price per share. The investment funds are managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners; Liberty says it expects to fund the purchase with cash on hand and new loan arrangements. The chairmen of both companies – John Malone and Eric Zinterhofer – both praised Charter (and Charter President/CEO Tom Rutledge) for its forward-looking strategy, market position and growth opportunities, and they characterize this investment as being part of the financial pathway to sustained future success. The shares/warrants deal should close sometime in the second quarter.

The Daily

Subscribe
Monday–January 12

Brightspeed’s RDOF Work

Brightspeed, which acquired Lumen’s ILEC operations in 20 states in late 2022, said it’s making progress in enabling gigabit broadband to over 30,000 locations in designated Rural Digital Opportunity Fund (RDOF) census blocks.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jan 16
Cablefax 100 Awards 2026 CFX100 2026 | Nomination Deadline
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact us at marketing@cynopsis.com, for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.